Local REITs charge ahead of pack in bull market
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
Industrial Parks
Articles
Ambrose snags large industrial deal
Ambrose Property Group will break ground next month on its first industrial project, a 545,010-square-foot national distribution center for Gordmans Inc.
Retailer plans 250-worker Hendricks County warehouse
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
Railcar shipments making a comeback in Indiana
High diesel prices are turning companies to trains.
City leads Midwest in speculative industrial development
Indianapolis has more speculative industrial space under construction than any other market in the Midwest as developers try to capitalize on about four million square feet of tenant interest in the market.
Ambrose jumping into Plainfield industrial market
Fast-growing Ambrose Property Group plans to develop a $12 million warehouse building on a site in Plainfield that it acquired last month from the FDIC.
Bell Techlogix landlord buys tech firm’s new headquarters
Philadelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased Bell’s new headquarters at 4400 W. 96th St.
New warehouse ends drought of spec industrial development
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
City, development group agree to protect Mallory site
Those seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch of East Washington Street.
Veteran broker Hohmann leaves Cassidy Turley to go solo
Hohmann has been involved in numerous high-profile real estate deals over the years, including the transaction that resulted in development of Intech Park and assembling about 60 acres for Clay Terrace in Carmel.
Manufacturer plans distribution center in Plainfield
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
Industrial spec development making a comeback
Speculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects preparing to break ground this spring and another in the works.
Texas firm plans to move into Franklin distribution building
Music wholesaler Anderson Merchandisers LP is expected to occupy a 703,000-square-foot warehouse formerly used by Best Buy.
Nature part of plans for former Newport Chemical Depot
Conservationists have complained that industrial development planned for part of the 7,100-acre site would destroy all but 44 acres of the state's largest restored black-soil tallgrass prairie.
California firm’s Park 100 portfolio goes back to lender
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
Industrial-market sales this year end deal drought
Through the first eight months of this year, there were at least seven sales of large industrial properties in the market, compared with zero last year.
Lauth’s Eaglepoint fattens up on racing teams
David Powers Motorsports, John Force Racing, Don Prudhomme Racing and Vance & Hines together occupy roughly 320,000 square feet of space at the park.
GM site ripe for manufacturing or a judicial center
The Urban Land Institute panel’s plan for the General Motors plant site ignores some realities in favor of presenting a relatively predictable New Urbanism redevelopment plan.
Minneapolis firm buys Fishers business park
Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.
Duke Realty sells offices in shift toward industrial
Strategy also calls for greater Southeast presence, less investment in the Midwest.